M&A News
Watsa’s Fairfax Will Snatch Up Allied World in $4.9B Deal
Fairfax Financial Holdings Ltd. agreed to buy insurer Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa's largest purchase. Fairfax will pay $54 per ...
Ex-Chubb Exec to Help Build XL Catlin’s North America M&A Insurance Business
XL Catlin hired a former Chubb executive and another expert who will be charged with helping to build up its M&A insurance business in North America. Ex-Chubb exec Michael McGowan and Joseph Laws ...
Zurich to Acquire Australian Travel Insurer Cover for $551M
Switzerland's Zurich Insurance Group has agreed to buy Australia's biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian ...
Liberty Mutual’s Deal to Buy Ironshore Gets Favorable Rating Agency Responses
Liberty Mutual's recently-announced plans to buy Ironshore Inc. from Fosun International for $3 billion earned generally positive responses from A.M. Best, Standard & Poor's and Fitch Ratings. ...
Insurer Acquirers in M&A Deals See Their Stock Price Soar, Eventually
Mergers and acquisitions have consistently lifted the share price of insurers who pursued the practice, though it takes some patience for the phenomenon to happen. Acquirers have outperformed their ...
Verisk Acquires Data/Analytics Firm MarketStance for Undisclosed Price
Verisk Analytics disclosed it has snatched up MarketStance, a well-regarded firm that provides property/casualty insurance companies, brokers and agents market intelligence data and analytics. ...
Argo Group’s Planned Ariel Re Buy Leaves S&P Long-Term Ratings Unchanged
Argo Group's planned $235 million acquisition of Ariel Re is drawing the market equivalent of a shrug from Standard & Poor's. S&P said that its long-term ratings for Argo and its related ...
Allianz’s PIMCO Starts Rebound as Insurer Surpasses Q3 Forecasts
Europe's largest insurer Allianz signaled it might return cash to shareholders after reporting forecast-beating quarterly earnings on Friday and the first positive flows into U.S. bond fund manager ...